At a Glance
- Tasks: Work with brokers to assess and quote risks, ensuring compliance and managing accounts.
- Company: Fast-growing specialist underwriter with an entrepreneurial spirit and minimal bureaucracy.
- Benefits: Competitive salary, remote work options, and a dynamic work culture.
- Why this job: Join a team that values innovation and empowers you to make impactful decisions.
- Qualifications: 5+ years in underwriting or broking, Dip CII qualified, and Excel proficiency.
- Other info: Opportunity for career growth in a supportive and collaborative environment.
The predicted salary is between 36000 - 60000 £ per year.
Our client was launched in 2021 and is a specialist underwriter of financial and professional lines risks in the UK and internationally. Their core business has been underwriting UK PI risks. In the UK, they currently underwrite and/or place business with 5 risk carriers whilst internationally, with 3 risk carriers. To date, they have been very successful in building a sizeable and profitable portfolio due to its wide risk appetite, its ability to underwrite risks based on merit, empowered underwriters and a commitment to fast turnaround time on all quotes to insurance brokers. Culturally, it is very entrepreneurial and fast-moving with a focus on always building a better, smarter business with little bureaucracy. They are looking to bring on additional talent with the same ethos.
The Role
You will spend the majority of your time working with brokers on new business and renewals, assessing, rating and quoting risks, entering data into underwriting tools, issuing policy documentation and ensuring compliance with company standards.
Role and Responsibilities
- Reviewing specialist cases and clearly and positively articulate underwriting decisions within agreed timeframes
- Refer risks outside of underwriting authorities
- Actively manage and develop a portfolio of accounts to maximise profitable revenue potential from new and renewal business
- Identifying better, smarter, faster means of underwriting/trading
- Contributing to technical audits and peer review processes as required to support and enable the maintenance of an effective control environment
- Contributing to the development and monitoring of account plans
- Ability to work in a remote team environment
- Understanding our marketplace and key competitors to enable you to negotiate flexibly and appropriately resulting in successful trading
- Effective broker account relationship development and management
- Demonstrated ability to assess and price risks, limit exposures
- Successfully developing effective trading relationships
- Commercially astute with demonstrable track record of taking accountability for delivery
Role Requirements
- Minimum 5 years dedicated underwriting or broking experience, preferably UK market with a recognised insurer, MGA or broker
- Minimum Dip CII qualified (or equivalent)
- Proficient in MS Excel
PI Underwriter in Leicester employer: NRG
Contact Detail:
NRG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter in Leicester
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with brokers or have experience in underwriting. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Show off your skills! When you get the chance to meet potential employers or brokers, be ready to discuss your past successes in underwriting and how you’ve maximised revenue. Use real examples to illustrate your impact.
✨Tip Number 3
Stay updated on market trends! Knowing what’s happening in the PI sector can give you an edge in conversations. It shows you’re proactive and genuinely interested in the field, which is super attractive to employers.
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talent that fits our entrepreneurial spirit. Your next big opportunity could be just a click away, so make sure to check us out regularly!
We think you need these skills to ace PI Underwriter in Leicester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the PI Underwriter role. Highlight your relevant experience in underwriting or broking, especially in the UK market. We want to see how your skills align with our entrepreneurial and fast-moving culture!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our mission of building a better, smarter business. Keep it concise but impactful!
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Whether it's successfully managing a portfolio or developing effective trading relationships, we want to see how you've made a difference in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at NRG
✨Know Your Stuff
Make sure you brush up on your underwriting knowledge, especially around professional indemnity risks. Familiarise yourself with the latest trends in the UK market and be ready to discuss how you’ve successfully assessed and priced risks in the past.
✨Showcase Your Entrepreneurial Spirit
Since the company values an entrepreneurial mindset, think of examples where you've identified smarter ways to underwrite or trade. Be prepared to share specific instances where your innovative approach led to successful outcomes.
✨Build Rapport with Brokers
Demonstrate your ability to develop strong relationships with brokers. Share experiences where you’ve effectively managed broker accounts and how you’ve navigated negotiations to achieve profitable results.
✨Be Data Savvy
As proficiency in MS Excel is a must, come prepared to discuss how you’ve used data analysis in your previous roles. Think about how you’ve entered data into underwriting tools and how that has impacted your decision-making process.